Europe Elderly Care Services Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges, Opportunities and Future Competition Till 2033


Europe Elderly Care Services Market Share, Revenue, Trends, Scope, Growth Drivers, Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

 Category : Healthcare

 Published: Apr-2024
 Author: SPER Analyst

Europe Elderly Care Facilities Market is projected to be worth USD 119.95 billion by 2033 and is anticipated to surge at a CAGR of 8.14%.

Services for the elderly include a variety of aid and support meant to improve the quality of life and take care of changing medical requirements. These programs are intended to support seniors in preserving their physical health, social interaction, and independence as they age. Personal care support with everyday life tasks (such clothing, grooming, and bathing), medical care coordination, prescription administration, company, and help with home duties are common elements of elder care services. Care services may be provided in a variety of locations, including as home care, assisted living facilities, nursing homes, or community-based programs, depending on the particular requirements of the aged person.

Europe Elderly Care Facilities Market Driving Factors and Challenges

  • Rising numbers of chronic illnesses: The prevalence of chronic illnesses including diabetes, heart disease, obesity, cancer, osteoporosis, and dental disorders has surged. With the right medical advice, food, and nutrition, as well as appropriate treatment, these disorders can be avoided. However, modern home healthcare services allow patients to receive treatment while lounging in their own homes, negating the necessity for hospital visits.
  • Growing number of elderly people: Globally, The share of the elderly population (those 60 and over) is rising. There are greater health problems among the elderly population, and home healthcare offers services to help patients receive better care. Thus, the worldwide aging population is contributing to the growth of the aged care industry.
Challenges: The market for elderly care facilities in Europe is confronted with numerous challenges, mostly arising from changes in the population, limitations in resources, and changing healthcare requirements. The aging population is a major issue as it raises demand for senior care services in the face of scarce resources. The healthcare systems are strained by this demographic transition, which exacerbates problems like personnel shortages, inadequate infrastructure, and growing prices. Furthermore, the COVID-19 pandemic has brought attention to several weaknesses in these institutions, such as availability to medical supplies, infection control procedures, and the requirement for improved safety measures. Regulatory intricacies and disparities in standards among European nations exacerbate the challenge of delivering superior healthcare. 

Impact of COVID-19 on Europe Elderly Care Facilities Market
The Europe market for elder housing has been significantly impacted by the COVID-19 pandemic. These facilities have found it very challenging to keep people safe and healthy since the elderly are more vulnerable to the virus. These institutions' normal operations have been hampered by strict lockdown protocols and social distancing rules, which has reduced access to outside medical aid and made it more difficult for family members to pay in person. The need for medical supplies and personal protective equipment (PPE) has increased as a result of epidemics that have severely taxed healthcare workers and resources inside these institutions. 

Europe Elderly Care Facilities Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Korian, DomusVi, Colisée, Koninklijke Philips N.V. , Medtronic, ORPEA GROUPE, Right at Home, LLC, Home Instead, Inc. , Lottie, Smart, Plentific.

Europe Elderly Care Facilities Market Segmentation:

By Service Type: Based on the Service Type, Europe Elderly Care Facilities Market is segmented as; Adult Day Care, Institutional Car, Home Care

By Service Provider: Based on the Service Provider, Europe Elderly Care Facilities Market is segmented as; Private, Public.

By Application: Based on the Application, Europe Elderly Care Facilities Market is segmented as; Respiratory Diseases, Diabetes, Osteoporosis, Heart Diseases, Neurological Diseases, Kidney Diseases, Arthritis, Cancer.

By Region: This research also includes data for UK, France, Germany, Italy, Spain, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

Join Our SPER Panel

Our Global Clients

Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
SPER-Astellas Pharma
SPER-Citi Bank
SPER-Johnson & Johnson


Market Research

We are the leading, full-service global market research and consulting company.

iso-1 iso-1 iso-1 ESOMAR
Secure Payments
SPER Payment Options
Contact HR

 [email protected]